‘Boo, we beat you to that one’

2013-02-27 14:07

Taxpayers won’t be paying more – for now at least, Finance Minister Pravin Gordhan has said.

Gordhan told journalists this morning ahead of his Budget speech in the National Assembly there would be “no tax increases as you were anticipating, so boo, we beat you to that one”.

There has been speculation that taxes would go up following an announcement by President Jacob Zuma in his State of the Nation Address almost two weeks ago that a tax review would be done.

Gordhan said a tax review committee headed by Judge Dennis Davis would be appointed within the next few days. “The other names of the committee and the terms of reference would be announced in due course,” he said.

He also rubbished speculation of mining taxes going up this year.

In his speech to Parliament, Gordhan said the tax review would be “to assess our tax policy framework and its role in supporting the objectives of inclusive growth, employment, development and fiscal sustainability, among other things”.

National Treasury has apparently been somewhat sensitive about the speculation, as tax increases could lose government goodwill ahead of next year’s general elections.

At the start of his press conference, Gordhan joked with journalists that he would deviate from his scripted speech to announce the raise in taxes.

– City Press

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
 

Road Accident Fund: #Takecharge to make roads safer

Hot on the heels of its Easter meet the #FutureYou campaign, the Road Accident Fund (RAF) will once again take its road safety message to the public - Sponsored.

 

Stay safe

Juvenile pillion riders? Play safe...
First-aid kit: What you need in YOUR car
Hey, lazy! Get outta the disabled bay!
Yaris: Perfect car for back-seat babes
Traffic Alerts
Horoscopes
Aquarius
Aquarius

The pressure is on to perform, but you may not feel emotionally prepared. The most important thing is not to place your...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.